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Dec 24, 2012
12/12
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stay way from government bonds that mature more than five years out and your 401(k) plans, get out of all of your bond funds, equities will rise in 2013. even though the economy is in a terrible position, stocks will rise, bonds will fall in value. stay away from bonds. >> all right, we will watch that. bob, jump in and tell us about the action on the street. down 51 point at close. was that the low, bob? >> no, not quite. we were just a little bit lower than -- take a look the a dow and i will show you. by the way, bonds collapse was the big call of 2012, and spectacularly wrong for a lot of people. but that's still on for a lot of people. there you see, just off of the lows there. maybe about 60-something is the bottom on the dow jones investment average. trading shortened by the holiday. material stocks led the way and of course some other stocks, consumer discretion is up. retailers add good day. crude was down. tech was down. microsoft had a tough day. there is concerns about sales of that windows 8 product. hewlett-packard on a down day. research a bit on the thin side. tjx, gap
stay way from government bonds that mature more than five years out and your 401(k) plans, get out of all of your bond funds, equities will rise in 2013. even though the economy is in a terrible position, stocks will rise, bonds will fall in value. stay away from bonds. >> all right, we will watch that. bob, jump in and tell us about the action on the street. down 51 point at close. was that the low, bob? >> no, not quite. we were just a little bit lower than -- take a look the a...
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Dec 26, 2012
12/12
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the reductions in spending over time can happen over time, the way our government keeps track is over a decade. >> right. >> so we don't need to do it all today, and as far as higher taxes go, there's a group of people who will sign this pledge not to raise taxes, and, you know, more than two-thirds are millionaires who said, you know what, we'll pay more taxes because in the end analysis, the investment we would make in paying more in taxes to get the economy going will return in wealth very quickly if we get the economy back to where it should be. >> there's a very good article on cnbc.com about the possibility that congress might decide to start tax is employer-sponsored health insurance. do you think that's a possibility, and what impact would that have on you? >> everything needs to be on the table. if we're going to have a good solution that gets at our deficit and reduce our debt everything has to be on the table and we'll deal with it. it's great to have rules. we just like to know what they are so we can make the right investments moving forward. >> even if it puts us in a cl
the reductions in spending over time can happen over time, the way our government keeps track is over a decade. >> right. >> so we don't need to do it all today, and as far as higher taxes go, there's a group of people who will sign this pledge not to raise taxes, and, you know, more than two-thirds are millionaires who said, you know what, we'll pay more taxes because in the end analysis, the investment we would make in paying more in taxes to get the economy going will return in...
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Dec 27, 2012
12/12
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a lot of the money that the low-end consumer has, they won't have anymore, and they won't have the government assistance programs to rely on. may not have the same effect we saw in the last recession. >> the ultimate consumer discretionary stocks, it occurs to me, dana, would be the luxury retailers like a tiffany which have suffered here recently. they in the past have been immune to a lot of vagaries of the consumer and the economy, but that hasn't been the case this time around. what happened? >> i think tiffany's a little bit different than some of the other luxury goods company. tiffany overall is working on its product, silver business which is a high margin category. didn't have enough novelty and newness in it and hopefully that's something they can fix for next year. >> wasn't just me then? >> not just you. >> exactly. >> i noticed that, yeah. >> dana on that point, the companies for stocks like tiffany's, what about aptitude in places like china in. >> overall when we see what's happening in china, so many new brands emerged in china, new companies on the luxury good fronts, and you
a lot of the money that the low-end consumer has, they won't have anymore, and they won't have the government assistance programs to rely on. may not have the same effect we saw in the last recession. >> the ultimate consumer discretionary stocks, it occurs to me, dana, would be the luxury retailers like a tiffany which have suffered here recently. they in the past have been immune to a lot of vagaries of the consumer and the economy, but that hasn't been the case this time around. what...
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Dec 28, 2012
12/12
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if there's a cut in government spending, where is the lift coming from, consumers, investment? therefore, the u.s. economy, we're on fragile ground right now. >> short term, sarge, this market held hostage minute by minute by the developments out of washington. >> yeah, sure, if we don't see any kind of compromise whatsoever, you'll see this s&p 500 trading in the 1360s next week. i think you'll get a short-term deal, address some of the issues, not really solve anything, kick the can down the road much like they do in europe and get your mild positive reaction going into the jobs data on friday. >> do you think we get a definitive move in this market one way or the other with some announcement out of washington, or is this market just so tired of all of the developments there? what do you think? >> well, there's still a risk-on trend, and if they kick the can down the road or actually come to some kind of compromise, that trend is intact, and you'll see going into the first few months of the year i believe very positive price action for all the equity indexs? >> what now, rick
if there's a cut in government spending, where is the lift coming from, consumers, investment? therefore, the u.s. economy, we're on fragile ground right now. >> short term, sarge, this market held hostage minute by minute by the developments out of washington. >> yeah, sure, if we don't see any kind of compromise whatsoever, you'll see this s&p 500 trading in the 1360s next week. i think you'll get a short-term deal, address some of the issues, not really solve anything, kick...
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Dec 24, 2012
12/12
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FBC
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lori: the government going to exit the interest in gm in particular, how are the u.s. automakers working out today? nicole: checkout ford today. the f-150 a popular truck. the automakers doing very nicely today. up over 4%, general motors one and a quarter percent. david: the day before christmas, everybody out shopping for bargains of some kind. one retailer hit a new 52-week high today. why did they do so well? nicole: there is one out in eastern long island. they continue to do very well, we have had the ceo
lori: the government going to exit the interest in gm in particular, how are the u.s. automakers working out today? nicole: checkout ford today. the f-150 a popular truck. the automakers doing very nicely today. up over 4%, general motors one and a quarter percent. david: the day before christmas, everybody out shopping for bargains of some kind. one retailer hit a new 52-week high today. why did they do so well? nicole: there is one out in eastern long island. they continue to do very well, we...
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Dec 28, 2012
12/12
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CNBC
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eye 154
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you have forest service, 30% of the land is owned by the federal government. so there's a lot of federal dollars that come to montana. that's part of the system. >> what would be the economic impact, going back to what the farmer was telling us about the situation, if estate taxes go up 55%. we're going to see farmers cutting back on the size of their farms, some may even go out of business. what's the economic impact and how can you mitigate that, governor? >> the difficulty here is over the long-term. naturally, sometime during january if we go over the cliff which is more of a hill, these congressmen will come to their senses. they've gone completely crazy and apparently if you vote for something on december tlonl, then it's okay with grover nor quist and if it's after december 31st, it's something else. look, a pledge is one thing, but look right now we've been spending money on a credit card nationally for the last ten years without paying for it. both parties have been doing it. it's time to pay down. spend less and we have to raise more money. >> that's
you have forest service, 30% of the land is owned by the federal government. so there's a lot of federal dollars that come to montana. that's part of the system. >> what would be the economic impact, going back to what the farmer was telling us about the situation, if estate taxes go up 55%. we're going to see farmers cutting back on the size of their farms, some may even go out of business. what's the economic impact and how can you mitigate that, governor? >> the difficulty here...
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Dec 26, 2012
12/12
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CNBC
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govern from the middle and lead. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. >>> a huge storm spanning frlgts midwest to the east coast is dumping plenty of snow and rain across the nation. dr. greg postell from the weather channel has more on exactly what's going on. over to you. >> thanks, the snow storm is beginning to wind down across parts of the midwest. parts of ohio, really, the know is almost over. they have received in parts o
govern from the middle and lead. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to...
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Dec 28, 2012
12/12
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eye 109
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this on news that the government
this on news that the government
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86
Dec 27, 2012
12/12
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FBC
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eye 86
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what is interesting this the third crisis we've had in our government over the past three years. we push, push it, push it to the brink and come up with something. i'm not sure we'll come up with something now. there is let more flexing. congress meeting on monday is a help thulful thing. if they come up it will be minor framework of what we see next year. we'll see where it goes from there. ashley: very good point. mike, from the nymex, what about oil today. what have we seen in the action of the oil trade? >> it is more or less follow the leader after we came out with that little stock market rally there i'm looking at the board here we're pushing highs at 91.25. it is more like a vooleyball game. who's serve is it not? it is going back and forth in washington on what kind of plan we'll come up with. i wouldn't be, the volume's been low. i don't think we'll miss a huge move. i've been saying buy 85, sell 90. probably drift a little higher until the end of the year and see what happens going into the new year. ashley: so much uncertainty. thank you so much, gentlemen. we have be
what is interesting this the third crisis we've had in our government over the past three years. we push, push it, push it to the brink and come up with something. i'm not sure we'll come up with something now. there is let more flexing. congress meeting on monday is a help thulful thing. if they come up it will be minor framework of what we see next year. we'll see where it goes from there. ashley: very good point. mike, from the nymex, what about oil today. what have we seen in the action of...
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Dec 26, 2012
12/12
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FBC
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eye 142
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starting the next area in the government sectors. tax rates are going up, so when you combine those things together, to makes for potential recessionary conditions. we have had markets bubbling across the world in the last three and a half years, time to take a breather in my opinion. ashley: you see us and they won't get past the september highs. you truly believe that? >> i do. you go back to what the market will do, the recessionary conditions for the present and the market tends to go down, not up. we look at the recession going into one, around nine months on average, the market tends to decline over 15 to 18 months which tells me september and october represented the highs, we will be looking at 2014 before we see the lows and probably 2015 before we can exceed those highs. ashley: gdp dropping by 2%. the latest housing numbers continue to be well not spectacular, certainly heading in the right direction. it seems to me that the more optimistic in your outlook. >> housing and the stock market to different asset classes. housing
starting the next area in the government sectors. tax rates are going up, so when you combine those things together, to makes for potential recessionary conditions. we have had markets bubbling across the world in the last three and a half years, time to take a breather in my opinion. ashley: you see us and they won't get past the september highs. you truly believe that? >> i do. you go back to what the market will do, the recessionary conditions for the present and the market tends to go...
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141
Dec 27, 2012
12/12
by
CNBC
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eye 141
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we fall off the cliff, the fear is that we fall off the cliff, not slowly glide down the cliffch the government at this point needs to understand that we should be able to trust you to do the right thing, put politics aside and think about us, the people that's why we have government. fix it. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. it's no wonder so many investors are saying... you know it even after all these years. but your erectile dysfunction - you know,that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to tr
we fall off the cliff, the fear is that we fall off the cliff, not slowly glide down the cliffch the government at this point needs to understand that we should be able to trust you to do the right thing, put politics aside and think about us, the people that's why we have government. fix it. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a...